Are you searching for licensed loan sharks online? We say there are other alternatives.
Regardless of whether a loan shark is licensed or not, loan sharks are lenders who charge ridiculously high interest rates when borrowing. They prey on people’s desperation of needing cash and those that are willing to get cash there and then regardless of what they are entering into.
Looking for licensed loan sharks online?
So if you are considering applying to licensed loan sharks online we say there are better and safer alternatives to try.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
If you are in that situation and are desperate for cash and are looking for licensed loan sharks, we strongly advise choosing an alternative means of getting cash fast. There are so many disadvantages to using licensed loan sharks.
Loan Sharks offer money at a ridiculously higher rate than any other borrowing and the terms of the loan are usually changed to benefit the lender. Whether the loan shark is licensed they still may not always meet all the requirements that are imposed on them.
If you are looking for a licensed loan shark online, the risks completely outweigh any of the benefits, if there are even any advantages to borrowing from them.
Alternative lenders to loan sharks online
We strongly suggest applying for credit with a safer and more reliable alternative. If you are in need of cash fast then a payday loan may be the right alternative for you.
Although there has been a lot in the press about payday loans, in recent years the Financial Conduct Authority (FCA) has put tight regulation in place to protect its customers.
Applicants of payday loans can rest assured that they will be treated respectfully, unlike if you apply through a loan shark.
If you were searching for licensed loan sharks online we say there are other alternatives that are authorised for the applicants safety.
By looking at payday loans as a short term financial choice they can be a great option if you are in need for cash fast.
By law the payday lender must detail all information, fees and charges upfront before you accept their terms. This means there will be no nasty surprises after you have received the money.
So if you are still considering searching for licensed loan sharks online we suggest finding an alternative like taking out a payday loan. Click on the banners on this page to be taken to approved lenders that offer other loan types as an alternative to loan sharks loans.